Security Bank

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Security Bank said Ayudhya Bank of Thailand will purchase half of its consumer finance division on Friday, forming a strategic alliance to expand its credit portfolio and product suite. The Security Bank and the Thai lender, widely known as Krungsri, both have the common shareholder of Japan’s MUFG Bank. Bank of Ayudhya will take a 50% interest in SB Finance Co, said a declaration from the Filipino bank. Last July

Security Bank

The board of directors of Security Bank Corporation announced Sanjiv Vohra as, President and Chief Executive Officer (CEO) effective on July 1, 2019, subject to regulatory approvals. The bank announcement noted the retiring President and Chief Executive Officer Alfonso L. Salcedo Jr., will remain as director and will chair the Executive Committee. Its statement added that Rafael F. Simpao Jr. will be retiring as director effective June 30, 2019 and